Efforts to rein in China’s technology giants have dampened investor sentiment, with India and Southeast Asia stepping into the void. China remains active for fundraising, but there are fears that US IPO activity could take a hit
Baring Private Equity Asia has sold Korean courier company Logen, ending an eight-year holding period that featured a disputed – and aborted – sale to CVC Capital Partners followed by an arbitration proceeding.
Indian game studio PlaySimple has been acquired for about $360 million by Sweden’s Modern Times Group (MTG), setting up exits for Elevation Capital and Chiratae Ventures.
Pacific Equity Partners (PEP) is poised to exit American Stock Transfer & Trust (AST), its longest-held portfolio company, following an agreement to sell the business to US-based Siris Capital.
NewQuest Capital’s acquisition of Cosmos-Maya from KKR-backed Emerald Media punctuates a crystallizing opportunity set in Indian animation. The next step is going global
The Longreach Group has acquired a majority interest in Amazon Papyrus Chemicals Holdings, a Hong Kong-headquartered chemical solutions provider to the pulp and paper industry, from Navis Capital Partners.
Panviva, an Australian cloud-based enterprise software provider backed by a number of venture capital investors, has been acquired by US counterpart Upland Software for about $23.3 million.
Quadrant Private Equity has acquired Australia-based childcare business Affinity Education from Anchorage Capital Partners for A$650 million ($490 million).
KKR has agreed to pay $625 million for a controlling stake in Vini Cosmetics, a leading branded personal care and beauty products company in India.
Australian mid-market GP Mercury Capital is on course to exit local B2C mobile messaging platform MessageMedia after Sweden-based Sinch agreed to acquire the company for $1.3 billion.
KKR and Tiga Investments have acquired Hong Kong’s The Executive Centre at a time when flexible office space is coming into focus, but expansion ambitions need to remain in check
The Blackstone Group has agreed to acquire International Data Group (IDG) from China Oceanwide Holdings for an enterprise valuation of $1.3 billion.
Australian middle-market private equity firm CPE has agreed to sell cord blood banking business Cell Care to Generate Life Sciences, a US-based provider of cellular services for fertility and therapeutic purposes.
KKR and Tiga Investments have agreed to acquire Hong Kong office space provider The Executive Centre (TEC), facilitating exits for HPEF Capital Partners and CVC Capital Partners.
Tata Group has acquired a majority stake in India’s BigBasket, an online grocer backed significantly by Alibaba Group and several private equity investors. It has been valued previously at around $2 billion.
There is a perceived sweet spot in Vietnam where check sizes are too big for local GPs and too small for pan-regionals. Taking advantage means addressing structural nuances and strategic competition
KKR has invested $95 million in Indian eyewear retail leader Lenskart via a secondary transaction that facilitated partial exits of undisclosed size for TPG Growth and TR Capital.
Baring Private Equity Asia is set to exit a significant part of Australia-based SAI Global, having agreed to sell the standards and assurance services business to UK-listed Intertek Group for A$855 million ($664 million).
Radish, a Korea and US-based mobile fiction platform, will be acquired by a unit of Kakao Corporation for $440 million. Its backers include SoftBank Ventures Asia and Kakao.
TA Associates has acquired a majority stake in In.Corp Group, a Singapore-headquartered corporate services provider, facilitating an exit for EQT.
Chinese digital marketing player Mobvista has acquired VC-backed local counterpart Reyun in a cash-and-stock transaction worth RMB1.5 billion ($232 million).
Warburg Pincus has acquired a majority stake in India-based consumer goods packaging manufacturer Parksons Packaging, taking out positions held by Kedaara Capital, Olza Holdings, and IIFL Holdings.
The Blackstone Group is set to lift its controlling position in India-listed IT services provider Mphasis to 75% as part of a deal worth up to $2.8 billion.
Rising Japan Equity, a domestic private equity firm, has agreed to sell Progress, a staffing and contracting services provider, to listed staffing solutions business UT Group for JPY3.09 billion ($28.6 million).